trizziepetersop8dk79 trizziepetersop8dk79
  • 02-10-2018
  • Business
contestada

If Melisha can pay for her vehicle with a 4-year loan or with a lease with the same down payment and same interest rate, why will the loan have a higher monthly payment?

Respuesta :

ahmedishaal ahmedishaal
  • 13-10-2018

The answer is;


Since the loan payment incorporates amortization. (Regardless of whether the financing cost is the equivalent on both the advance and the rent, the advance incorporates an additional sum for amortization that would enable Melisha to satisfy the auto after some time and claim it toward the finish of the advance time frame).


Hope it helps!

Answer Link

Otras preguntas

BRAINLIEST AWARD!! Why is potassium nitrate a solute in a .3M potassium nitrate solution? Please explain:D
Can anyone help me with my math test heres another question on it!!
Need help plzzzzzzzzzz it’s for a quiz for the end of the semester...
There is a population of 20,000 bacteria in a colony. If the number of bacteria doubles every 13 minutes, what will the population be 26 minutes from now?
Explain why a + b = d.
The given expression is 3.14(rs + r2) r=3 s=5 i got 3.14(35 + 32) please tell me if im right or wrong and how to solve thanks
What can Infra Red Waves carry and be used for?
ASAP it’s due 1 hour pls answer
Can i still be a singer without picking Music GCSE?​
Abby is constantly behaving in a way contrary to her parents. If they ask her to take her dishes to the counter after dinner, she refuses. If they tell her it i